Svmuu News: According to Gate data, both WTI and Brent crude oil prices have continued to rise in the short term, with WTI crude breaking above $75 per barrel, up 5.01% on the day. Brent crude has surged 5.00% on the day and is currently trading at $79.74 per barrel.
Major crude oil futures contracts are also rising in the short term, with the SC crude oil contract extending its gains to 2.21% and currently trading at 481.5 yuan per barrel. Low-sulfur fuel oil (LU) has extended its gains to 1.92% and is currently trading at 4,195 yuan per metric ton.Heating oil extended its gains to 2.51% and is currently trading at 3,312 yuan per metric ton. Asphalt extended its gains to 3.13% and is currently trading at 3,960 yuan per metric ton.
In related news, Donald Trump. announced the reinstatement of sanctions against Iran.
Both WTI and Brent crude oil prices continue to rise in the short term, with WTI crude breaking above $75 per barrel
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